Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Pan-International Industrial had a gross margin of 12.48% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Pan-International Industrial Gross Margin % Related Terms
Pan-International Industrial Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electronic Components subindustry, Pan-International Industrial's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pan-International Industrial Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Pan-International Industrial's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Pan-International Industrial's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Pan-International Industrial (TPE:2328) has a Gross Margin % of 12.48% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Pan-International Industrial and its competitors. This is 17% above median its historical median of 10.69. Over the past decade, Pan-International Industrial's Gross Margin % has ranged from 7.92 to 13.50. According to the industry distribution chart, Pan-International Industrial ranks #1963 out of 2449 companies in the Hardware industry, placing it in the top 80.2%.
Is Pan-International Industrial's Gross Margin % too high?
Pan-International Industrial's current Gross Margin % of 12.48% is 17% above median its 10-year median of 10.69. Over the past 10 years, this metric has ranged from a low of 7.92 to a high of 13.50. The Hardware industry median Gross Margin % is 24.50. Pan-International Industrial's value of 12.48% is 49.1% below this industry median. Based on the distribution chart, Pan-International Industrial ranks #1963 out of 2449 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Pan-International Industrial has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan-International Industrial's Gross Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Pan-International Industrial ranks #1963 out of 2449 companies for Gross Margin %. This places Pan-International Industrial in the lower half of its industry. The industry median Gross Margin % is 24.50. Pan-International Industrial's value of 12.48% is 49.1% below this benchmark. Historically, Pan-International Industrial's own Gross Margin % has ranged from 7.92 to 13.50 over the past decade. While the company's 10-year median is 10.69 vs. the industry median of 24.50, Pan-International Industrial has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Hardware company?
The median Gross Margin % among Hardware companies is 24.50, based on 2,449 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pan-International Industrial's current Gross Margin % of 12.48% is 49.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Pan-International Industrial and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan-International Industrial's current Gross Margin % is 12.48%, which is 17% above median its own 10-year median of 10.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan-International Industrial stock overvalued right now?
Based on GuruFocus' analysis, Pan-International Industrial (TPE:2328) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$33.07, compared to a current price of NT$49.00 — trading 48.2% above its estimated fair value. The current Gross Margin % is 12.48%, which is 17% above median its 10-year median of 10.69 and 49.1% below the Hardware industry median of 24.50. Pan-International Industrial's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Pan-International Industrial (TPE:2328), the current Gross Margin % is 12.48% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Pan-International Industrial (TPE:2328) Overvalued in 2026?
Based on GuruFocus' analysis, Pan-International Industrial stock appears to be overvalued.
The current stock price of NT$49.00 is trading 48.2% above its estimated GF Value™ of NT$33.07.
GuruFocus considers Pan-International Industrial to be Significantly Overvalued.
Key valuation signals for TPE:2328:
Gross Margin %: 12.48% (17% above median its 10-year median of 10.69)
GF Value™: NT$33.07 vs. price of NT$49.00 (48.2% above fair value)
Industry Position: 49.1% below the Hardware median (#1963 of 2449)
No single metric tells the full story. See the TPE:2328 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan-International Industrial Corp is engaged in the development, manufacturing, and sales of electronic signal cables, connectors, connection wires, precision molds, various plugs and sockets, telecommunication devices, wireless Bluetooth devices, printed circuit boards and other computer peripherals, medical device-related products, industrial control products, as well as automotive wire harnesses, automotive parts and accessories, and intelligent in-vehicle equipment.
78GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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